Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Ugandan Shilling/Euro (FOREX:UGXEUR)
Bull Market Weakness (+75) - UGXEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on UGXEUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid UGXEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for UGXEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for UGXEUR
The long-term trend has been UP since Apr 14th, 2024 at 0.00024358
The intermediate-term trend has been UP since Mar 19th, 2024 at 0.00023621
The short-term trend has been UP since May 2nd, 2024 at 0.00024477
Smart Scan Analysis for UGXEUR
Based on our trend formula, UGXEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0002467 | 0.0002467 | 0.0002467 | 0.0002467 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0002461 | 2024-05-07 21:05:08 |